views

One Media iP – trading update, funding decision change due to “future potential”?

One Media iP (OMIP) has issued a trading update including that it is “pleased to be on course to deliver results that are in line with expectations, including double digit revenue growth… the outlook for the music industry, despite wider market challenges, remains on a strong and positive growth trajectory”. So what of a share price currently up more than 7.5% at 7p, to give a £15.6 million market cap?

NEWSFLOW

One Media iP (#OMIP) – trading “in line with expectations”, to further invest in its anti-piracy SaaS business TCAT

NEWSFLOW

One Media iP (#OMIP) – £6.04m placing at 7p per share

views

One Media iP – following July results positivity, a ‘Horlick(s)’ of a fundraising

One Media iP (OMIP) “is pleased to announce a proposed placing and subscription to raise a minimum of £1.9 million of new equity capital at an issue price of 6 pence per new ordinary share, and the proposed issue of up to £6 million of (7% per annum interest from date of issue) loan notes”, including emphasising the placing price “represents a premium of 240 per cent. to the price of 2.5 pence per ordinary share at which Lord Michael Grade and Ivan Dunleavy first invested in the company in December 2017”. Sounds positive then…

NEWSFLOW

One Media iP (#OMIP) – proposed £1.9m placing at 6p & up to £6m of 7% loan notes

NEWSFLOW

One Media iP (#OMIP) – AGM update, “as confidence returns into our sector we anticipate further acquisitions”

NEWSFLOW

One Media (#OMIP) Directors share investor pain with 20% pay cut. Good.

NEWSFLOW

One Media IP Group (#OMIP) - Will pay a 0.071p interim dividend

NEWSFLOW

One Media (#OMIP) files US copyright claim, the lawyers say ching ching